Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (32934)	12/3/2008 1:48:24 PM
From: Grommit	Read Replies (1) \| Respond to of 78670

CLP preferred shares. CLP.PR.D Selling for $13. Annual dividend $2.03 Yield = 15.6% Operating earnings are over 40 cents a qtr. That is after the preferred interest payment! And with the 40 cents, they expect to pay 25 cents dividend to common per qtr. At $5.55 common, the common yield is 18%. Not than much different than the pref, but they cannot pay the common unless they pay the preferred. And I think that the CLP-D shares have price appreciation potential just like the common. finance.yahoo.com biz.yahoo.com biz.yahoo.com And I think the company is setting a floor price of $13: "We have a lot of capacity... and still have almost $150 million of cash to spend on... buying back securities, and right now as we look at it these preferreds that are trading at $13 a share, almost yield of 13% to 14% [wrong, 15.6%] look ridiculously cheap and very attractive from a return standpoint." There are other reit preferred shares with a higher yield. But none in the apartment sector, and none with such low leverage. But for the really skittish... there a number of utility preferred shares paying 5.5% to 7.5%. I found one at 8.5%. It is Baa rated, like the rest, but trading at a lower price. IPL-PB. A sub of LNT. IPL is "a regulated utility serving customers in Iowa, Minnesota and Illinois..."

To: Paul Senior who wrote (32934)	12/4/2008 2:42:27 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78670

Paul - Anybody who calls himself/herself a value investor and isn't buying stocks these days is anything but a value investor. In a way i have abandoned value investing for the time being.I try to play the volatility game in my main account. I still keep some positions around that i feel I have limited downside. I'll keep them around until the market shows my that my analysis is wrong. there are others that I would like to entry if we get back again to recent lows. I can't see a lasting rally in this market. Economic indicators are of the chart, resembling a flight into a black hole. We are way past the 1990 and 2001/2002 downturns in terms of severity. Interesting times.